Business
Wealth Minerals Permitting Application for the Kuska Project Accepted
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2026) - Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces that on January 2, 2026, the Chilean Ministry of Mining issued an official resolution (the "Resolution") regarding the application acceptance for a Special Lithium Operating Contract ("CEOL") for the Kuska Project (see press releases dated May 27, 2025 and January 4, 2024). Due to the application acceptance, the Chilean..
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 7, 2026) - Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces that on January 2, 2026, the Chilean Ministry of Mining issued an official resolution (the "Resolution") regarding the application acceptance for a Special Lithium Operating Contract ("CEOL") for the Kuska Project (see press releases dated May 27, 2025 and January 4, 2024). Due to the application acceptance, the Chilean Ministry of Mining subdivision tasked with the CEOL process is required to agree with Wealth Minerals and partners (such as Quechua Indigenous Community of Ollagüe, below as the "Kuska Consortium") on final terms and conditions to be included in the supreme presidential decree that will certify the CEOL. According to the Resolution, the Kuska Consortium has fully complied with the requirements of the CEOL application.","length":980,"tagName":"p"},{"type":"text","content":"Hendrik van Alphen, CEO of Wealth Minerals, stated, "The team at Wealth Minerals has worked long and hard for this moment, and our perseverance has paid off. The significance of this news cannot be overstated, it means the door to Kuska Project development is now open, a project that has a billion-dollar value as per our studies done, announced and filed in 2024. This news is particularly timely, as global prices for Lithium Carbonate Equivalent have recently recovered from market lows and now exceed US$16,000 per tonne. We now move to complete the CEOL negotiation this month so that the CEOL contract can be finalized as soon as possible. This important milestone confirms the attractiveness of our Kuska Project, not only for Wealth shareholders but also for the State of Chile."","length":798,"tagName":"p"},{"type":"text","content":"The Kuska Project","length":17,"tagName":"p"},{"type":"text","content":"The Kuska Project is located in the Salar de Ollagüe, Antofagasta Region, Chile. Wealth Minerals Ltd. began developing the Project in 2019 and has completed two exploration campaigns to date, which also led to the publication of an initial resource estimate ("Estimated Lithium Resources Ollagüe Project" published on SEDAR+ on January 13, 2023) under Canadian NI 43-101 standards. The study estima...